Karazhanbasmunai Granted Extension of Karazhanbas Oil and Gas Field Contract

KazMunaiGas Exploration Production (KMG EP) has announced that an addendum has been signed to extend the contract for the production of raw hydrocarbons at Karazhanbas oil and gas field of Mangystau Province to the 7th of June 2035. The addendum to Contract No.60 dated 23 May 1997 between the Kazakh Ministry of Energy and Karazhanbasmunai ('KBM') where KMG EP holds 50 percent stake was signed on 26 June 2015. Previously the KBM contract was valid until 2020.

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.